Detailed Summary

Key Quantitative Figures

  • Net Loss for FY 2025-26: ₹12.36 lakh (compared to ₹17.79 lakh loss in FY 2024-25)
  • Total Income: ₹0.00 (compared to ₹0.07 lakh in FY 2024-25)
  • Total Expenses: ₹12.36 lakh (compared to ₹18.82 lakh in FY 2024-25)
  • Finance Costs: ₹2.25 lakh (compared to ₹8.20 lakh in FY 2024-25)
  • Employee Benefits Expense: ₹1.71 lakh (compared to ₹1.98 lakh in FY 2024-25)
  • Other Expenses: ₹8.41 lakh (compared to ₹8.63 lakh in FY 2024-25)
  • Total Reserves: Negative ₹203.01 lakh (compared to negative ₹190.64 lakh in FY 2024-25)
  • Share Capital: ₹24.90 lakh (unchanged from previous year)
  • Cash and Cash Equivalents: ₹0.18 lakh (compared to ₹0.45 lakh in FY 2024-25)
  • Borrowings (Non-current): ₹219.60 lakh (compared to ₹106.58 lakh in FY 2024-25)
  • Trade Payables: ₹0.50 lakh (compared to ₹0.43 lakh in FY 2024-25)
  • Basic/Diluted EPS: Negative ₹4.97 (compared to negative ₹7.14 in FY 2024-25)

Dates of Action

  • AGM Date: September 25, 2026 at 12:30 PM
  • Record Date for AGM: September 18, 2026
  • Share Transfer Book Closure: September 19, 2026 to September 25, 2026 (both days inclusive)
  • E-voting Period: September 22, 2026 (9:00 AM) to September 24, 2026 (5:00 PM)
  • Board Meetings Held: 7 meetings during the year on May 27, 2025; August 7, 2025; August 26, 2025; September 1, 2025; September 5, 2025; November 14, 2025; and February 12, 2026
  • Audit Committee Meetings: 4 meetings during the year
  • Independent Directors' Meeting: March 27, 2026

Parties Involved

  • Statutory Auditors: Ramanand & Associates, Chartered Accountants (FRN: 117776W)
  • Secretarial Auditor: M/s. Payal Tachak & Associates, Practicing Company Secretaries
  • Registrar & Share Transfer Agent: Bigshare Services Pvt. Ltd.
  • Scrutinizer for E-voting: M/s. Payal Tachak & Associates
  • Promoters: Rightful Consultancy Services LLP (72.35% holding), Pristine Property Management Private Limited (58.20% in previous year)

Financial and Operational Impact

  • The company has incurred cash losses in the current and immediately preceding financial year
  • The company has negative net worth of ₹178.11 lakh as of March 31, 2026
  • The company is under Graded Surveillance Measures (GSM) Stage 0 by BSE Limited
  • No dividend recommended for the year due to financial status
  • No material changes and commitments affecting financial position between year-end and report date

Capital Structure Impact

  • No change in share capital during the year
  • Total outstanding shares: 249,000 equity shares of ₹10 each

Governance Information

Board of Directors:

  • Grishma Vishal Dedhia (DIN: 10364865) - Managing Director
  • Nilesh Krishnarao Savant (DIN: 09440936) - Director (Resigned w.e.f. August 28, 2026)
  • Rajvirendra Singh Rajpurohit (DIN: 06770931) - Independent Director
  • Aditya Soni (DIN: 08998880) - Independent Director
  • Manish Heeralal Chandak (DIN: 08220007) - Independent Director

Committee Composition:

  • Audit Committee: Rajvirendra Singh Rajpurohit (Chairman), Aditya Soni, Manish Heeralal Chandak
  • Nomination and Remuneration Committee: Rajvirendra Singh Rajpurohit (Chairman), Aditya Soni, Manish Heeralal Chandak
  • Stakeholders Relationship Committee: Rajvirendra Singh Rajpurohit (Chairman), Aditya Soni, Manish Heeralal Chandak

Secretarial Audit Observations

The Secretarial Audit Report noted the following non-compliances:

1. Non-compliance with Regulation 47 of SEBI LODR Regulations regarding newspaper advertisements

2. Non-compliance with Section 108 read with Rule 20 of Companies (Management and Administration) Rules, 2014 regarding e-voting notices

3. Non-compliance with Section 91 read with Rule 10 regarding newspaper advertisement for book closure

4. Delay in filing certain ROC forms: DIR-12 (SRN AB8656100), MGT-14 (SRN AB8713148), INC-22 (SRN AB8097276)

5. Appointment of CFO without filing requisite DIR-12 form

The management responded that non-compliances with newspaper advertisements were due to financial constraints, and delays in filings were due to technical and procedural issues.

Related Party Transactions

The company had outstanding unsecured loan of ₹219.60 lakh from Rightful Consultancy Services LLP, a related party where key managerial personnel can exercise significant influence.

Special Resolution Purpose

The company proposes to alter its Memorandum of Association to include:

1. Management consultancy services and other allied consultancy, advisory and support services

2. Investment and dealing with surplus monies of the company

3. Enabling provision for all lawful acts incidental to the above objects

The stated rationale is to provide necessary flexibility to undertake and expand activities in management consultancy and allied services.

Auditor's Opinion

The statutory auditors issued an unqualified opinion stating that the financial statements give a true and fair view in conformity with Indian Accounting Standards. They reported adequate internal financial controls systems operating effectively.